Multibagger stock Shriram Finance is among the top Nifty gainers over the last one year, rising as much as 30%. The non-banking financial company (NBFC) will report is September quarter (Q2FY27) results on 23 October which experts expect to be healthy.
Brokerage firm Motilal Oswal Financial Services expects the company's net interest income (NII) may rise by 35.1% year-on-year (YoY), while operating profit may grow by 43.5% YoY. Net profit may see a 56% YoY jump.
As per the NSE data, the stock has gained 30% over the last 1 year, compared to a 12% fall in equity benchmark Nifty 50. However, in the recent past, the stock has witnessed profit bookings. Year-to-date, Shriram Finance share price is down 11% compared to a 13% decline in Nifty 50.
However, on longer timeframes of three and five years, the stock has surged 141% and 198%, respectively.
Shriram Finance shares hit their 52-week high of ₹1,153.70 on 6 August this year and a 52-week low of ₹690.30 on 21 October.